uSMART SG

Summary: uSMART is a MAS-licensed, mobile-first broker that offers US, SGX and HKEX trading with zero US stock commission (low per-share platform fee), fractional shares (US), no minimum deposit, and fast local funding via eGIRO, PayNow and FAST. It uses a custodian model (not CDP-linked) and includes real-time US data (Nasdaq Basic & NYSE ArcaBook 60-level) in-app.

Risk note: All investing involves risk. Prices can go up or down and you may lose capital. Fees, FX spreads and market regulations apply.

uSMART at a Glance (Singapore)

Feature	Details
Markets	US (stocks, ETFs, options), Singapore (SGX), Hong Kong (HKEX)
US stocks pricing	$0 commission + platform fee USD 0.005/share (min USD 1.00 per order) for SG residents
SGX pricing	Commission as low as 0.02% of trade value (by tier); exchange/regulatory fees apply
HKEX pricing	Commission from around 0.024% of trade value (by tier); HK levies apply
Fractional shares	Yes (US), invest from about US$1
Account minimum	S$0 (no minimum deposit)
Funding	eGIRO, PayNow, FAST, BigPay, Telegraphic Transfer
Custody	Custodian model (not CDP-linked); segregated client assets
Real-time data	Nasdaq Basic & NYSE ArcaBook 60-level quotes for US stocks (in-app)
Regulation	MAS Capital Markets Services (CMS) licence in Singapore

Pros & Cons

Pros

• Low-cost US trading: $0 commission with a small per-share platform fee.
• Fractional shares (US) lower the entry ticket to ~US$1.
• No minimum deposit; fast local funding (eGIRO/PayNow/FAST).
• Real-time US market data (Nasdaq Basic & NYSE ArcaBook 60-level) included in-app.
• Mobile-first UX with clean onboarding and alerts/watchlists.

Cons

• Custodian (not CDP)—you don’t hold SGX shares directly in your CDP.
• Market scope primarily US/SG/HK; fewer other exchanges than multi-market incumbents.
• Promotional rates can change; always confirm current pricing.
• FX spread applies when converting SGD↔USD/HKD (even if no explicit FX fee).

Fees & Charges (US/SGX/HKEX)

US Stocks & ETFs

• Pricing: $0 commission + platform fee USD 0.005/share (min USD 1.00 per order) for Singapore residents.
• Regulatory fees (sell): SEC fee and FINRA Trading Activity Fee (per share) apply.
• FX: No explicit conversion fee in-app; an embedded FX spread applies.

US Options

• Supported: US stock and index options; platform fees/commissions vary by account tier; regulatory/clearing fees apply.

Singapore (SGX)

• Commission: as low as 0.02% of trade value (by tier). SGX trading/clearing/settlement fees and 9% GST on broker fees apply for SG residents.

Hong Kong (HKEX)

• Commission: from around 0.024% of trade value (by tier). HK stamp duty, SFC/AFRC levies and other exchange fees apply; 9% GST on broker fees applies to SG residents.

Note: Fees and promos change; confirm the live schedule in the pricing page before trading.

Markets, Products & Order Types

• US: Stocks, ETFs, options, and fractional shares on many tickers.
• SGX: Stocks, REITs, ETFs and selected structured products.
• HKEX: Stocks and ETFs.

Order types & tools: Market/limit, watchlists, price alerts, real-time quotes, basic analytics inside the app.

Funding & Withdrawals (SGD/USD/HKD)

Method	Typical Timing	Notes
eGIRO (SGD)	Instant/near-instant once setup completes	One-time eGIRO link with supported banks; convenient for recurring top-ups
PayNow (SGD)	Immediate	Include your account reference for faster crediting
FAST (SGD)	Immediate	Standard local bank transfer limits apply
BigPay	Same day	SGD and foreign-currency top-ups supported per app rules
Telegraphic Transfer (USD/HKD)	~1–3 business days	Bank/intermediary fees may apply
Withdrawals (SGD to SG bank)	~1 business day	No platform withdrawal fee; bank fees typically $0 for SGD

How to Open an Account

1. Download the uSMART app (iOS/Android) and select Brokerage.
2. Verify identity via Singpass/MyInfo (or upload documents) and complete KYC.
3. Enable funding (eGIRO/PayNow/FAST or TT) and start with a small test trade; use fractional shares to practise with low amounts.

Platform & Tools

• Mobile-first trading: iOS/Android app with clean onboarding and notifications.
• Data: real-time US quotes (Nasdaq Basic & NYSE ArcaBook 60-level) included in-app.
• Features: watchlists, price alerts, fractional trading (US), in-app research/education and community.

Regulation, Custody & Safety

• Regulator: uSMART Securities (Singapore) Pte. Ltd. holds a MAS Capital Markets Services (CMS) licence.
• Custody: Client assets are held in segregated custodian accounts (not CDP-linked).
• Best practice: Always enable app security (biometrics/2FA) and keep bank transfer references accurate.

Frequently Asked Questions

Is uSMART regulated in Singapore?

Yes. The Singapore entity holds a MAS CMS licence to deal in capital markets products and provide related services.

Does uSMART support fractional shares?

Yes. For many US stocks/ETFs, fractional trading is available so you can start with small amounts.

Is there a minimum deposit to start?

There’s no minimum deposit. You can fund via eGIRO, PayNow or FAST and begin with fractional shares if you prefer.

Can I hold SGX shares in my CDP?

No. uSMART uses a custodian model. SGX holdings are kept with the broker’s approved custodian, not your personal CDP account.

What fees should I expect besides commission?

Expect platform fees (e.g., per-share on US stocks), exchange/regulatory fees (SEC/TAF for US; SGX/HK levies), GST on broker fees (for SG residents), and FX spread when converting currencies.

Disclaimer: Information is for education, not advice. Markets, fees, promos and features can change—confirm on the official site/app before trading.